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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Burlington at 118 W 9th St, Burlington, IN, 46915 priced at $125,000 converts $961/mo rent into $210/mo cash flow after a $612/mo obligation. Total monthly income equals $961/mo, and annual cash flow totals $2,526/yr on $41,438 invested. Return on cash invested prints 26% in year one, and rental yield reads 9.23% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 135.34% and total cumulative return in cash sums $56,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $961/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1905
6,621 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2024-11-14 | Listed for sale | $125,000 |
| 2023-01-26 | Sold | $16,500 |
| 2023-01-10 | Pending sale | $29,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $697.42 | 4.43% | $47,600 | 8.68% |
| 2022-11-20 | $667.86 | 4.88% | $43,800 | 14.96% |
| 2021-11-20 | $636.80 | 8.98% | $38,100 | 6.42% |
Listed by: Gena Martin • GMR Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202444184
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